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How One Nevada Credit Union Secures Its Self-Service Innovations

PYMNTS

In the February Credit Union Tracker , PYMNTS explores the latest in the world of CUs, including new co llaborations between CUs and FinTech firms, initiatives to appeal to Generation Z and how CUs are working to protect against the ongoing threat of data breaches. million CU members. Developments From Around The World Of Credit Unions.

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Yapily Raises $5.4M To Connect UK FinTechs To Banks

PYMNTS

based FinTech startup, has raised $5.4 Funding will go to develop its API platform aimed at helping FinTechs connect to traditional banks. The open banking initiative requires banks to let FinTechs access customers’ account information. According to Plaid, more than 1,600 FinTech companies came out of the U.K.,

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JP Morgan Creates $100B Funding Arm To Help UN

PYMNTS

JPMorgan has created a $100 billion funding arm — the JPMorgan Development Finance Institution (DFI) — to expand investments in emerging markets and help the United Nations (U.N.) Our aim is to increase engagement with clients and investors interested in financing critical projects and transactions in emerging markets.”.

National 148
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Goldman Gets Green Light To Operate Bank In South Africa

PYMNTS

As Goldman Sachs seeks further expansion in the South African economy, the financial services company joined the Johannesburg Stock Exchange’s interest-rate and currency-derivatives market, Bloomberg reported on Monday (Jan. The Wall Street banker has had a presence in South African for over 20 years.

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Goldman Joins South Africa’s Johannesburg Stock Exchange

PYMNTS

As Goldman Sachs seeks further expansion in the South African economy, the financial services company joined the Johannesburg Stock Exchange’s interest-rate and currency-derivatives market, Bloomberg reported on Monday (Jan. The Wall Street banker has had a presence in South African for over 20 years.

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Will Vroom’s Plan To Bring AI To Auto Sales Mark The Death Of Dealerships?

PYMNTS

After a two-year test drive as a client of market data and analytics firm CarStory, Vroom announced on Tuesday (Dec. Marketing Cars Online. Unity believes the tool will empower the auto industry’s digital marketing professionals to easily create and publish content and interactive experiences.

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The Banking Crisis of 2023 is Over — Time to Get Back to the Crisis of the ’20s

Gonzobanker

High interest rates have forced many banks to pay more to retain deposits (often via brokered deposits), while many institutions have seen deposits flee to higher-yielding money market funds. Rising interest rates depress the value of low-rate securities and loans. Bond losses.